Updating your business succession plan should be a regular part of managing your business. We previously wrote about common succession planning mistakes that are made and one of the biggest mistakes that needs to be highlighted is not updating your succession plan regularly. Like your estate plan, your business succession plan is not set [...]
As a business owner, you probably feel that your business is your baby. Business succession planning always seems so far off. It’s hard to think about what may happen to your business when you’re no longer able to run it. To ensure your business will keep running once you leave it, or to get [...]
Estate planning can seem overwhelming if you are just getting started. Making these big decisions is a lot to think about and once you throw in all the terms you will start to hear, you may be instantly overwhelmed. Of course some of the biggest decisions you’ll have to make surround who you will [...]
Watching our parents get older is hard. They are the ones you look to as you grow up and it’s incredibly difficult to watch as the roles reverse and they become more dependent on you. If you are entering this stage of life where you are finding yourself becoming a caretaker of aging parents, [...]
It's a common misconception that estate planning is only for the wealthy or for married couples. In reality, everyone should have some sort of estate plan. This is even more true if you are single because you don’t have an obvious person to handle your affairs should something happen to you. So if you’re [...]
Estate planning for special needs children doesn’t need to be complicated, but it is daunting to think about. Parents of children with special needs know all too well how much care and planning goes into making sure their children are taken care of and receive the education and services they need. Planning for their [...]
Whether you are already retired or you’re thinking about retiring soon, have your estate plan ready to help you protect your financial and retirement goals. There’s a lot of big changes that come with retiring and being prepared with your estate plan will help you move smoothly and freely into this next phase of [...]
“Per capita” and “per stirpes” are phrases you’ve probably never heard of or at least don’t use very often. These phrases can determine how your wealth is passed on to each generation of your family. So not knowing the difference can potentially lead to disinheriting your loved ones. Three Ways To Pass On Your [...]
‘Tis the season for gift giving! This time of year can be stressful with the hustle and bustle of the holidays. But maybe this year you aren’t looking for the hottest deals or the most popular toys to give. We can help you prepare if you’re considering gifting part of your estate. Here’s a [...]
Every family has different circumstances and dynamics. Irresponsible beneficiaries can be hard to plan for. Maybe you’re planning to leave everything to your children but they are still young. Maybe your ideal beneficiaries have other challenges they are facing like health problems, addiction, or aren’t financially responsible enough. Considering your beneficiaries’ circumstances and futures is [...]
